Source: Sharecast
Babcock jumped as JPMorgan placed the shares on ‘positive catalyst watch ahead of results on 25 June as it said the defence firm could raise guidance.
It said Babcock is “one of the big winners” in the UK Strategic Defence Review published on Monday.
Antofagasta was also boosted by the fact that JPMorgan placed its shares on ‘positive catalyst watch’ ahead of second-quarter results and reiterated its ‘overweight’ rating.
JPM said that since it double upgraded the shares to ‘overweight in late February, the outlook for Antofagasta has improved despite ongoing macro and trade uncertainty.
“Copper prices have rebounded to near pre-Liberation Day levels while gold prices (a key byproduct) have risen 8% and cost inputs…have weakened over the same period.”
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Babcock International Group (BAB) 1,066.00p 4.31%
Games Workshop Group (GAW) 15,950.00p 3.44%
Antofagasta (ANTO) 1,850.00p 3.15%
Hiscox Limited (DI) (HSX) 1,310.00p 2.58%
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